Dec, 31, 2023 — LIVINGSTON PARISH FEDERAL CREDIT UNION is a federal credit union headquartered in DENHAM SPRINGS, LA with 1 branch location and about $10.37 million in total assets. Opened 55 years ago in 1969, LIVINGSTON PARISH FEDERAL CREDIT UNION has about 1,764 members and employs 3 full and part-time employees offering various banking and financial related services such as Checking & Savings accounts, ATM/Debit Card Program and more.
| Name: | LIVINGSTON PARISH FEDERAL CREDIT UNION |
|---|---|
| Address: (Main Office) | 890 Florida Ave SE DENHAM SPRINGS, LA 70726 |
| Phone: | (225) 664-9103 |
| Fax: | (225) 664-9161 |
| Website: | https://www.lpfcu.org |
| Branches: | 1 branch locations |
| Members: | 1,764 |
| Credit Union Type: | Federal Credit Union |
| Charter Number: | 19295 |
|---|---|
| Membership Type: | Multiple common bond - Primarily educational |
| Corporate Credit Union: | No |
| Year Opened: | 1969 |
| Last Audited: | May 01, 2023 |
| FHLB Member: | No |
| Low Income Designation: | No |
| Assets: | $10,371,352 |
| CEO/Manager: | FRED L BANKS |
| Chairperson: |
| ASSETS: | $ Amount |
|---|---|
| Cash & Equivalents | 2,572,604 |
| TOTAL INVESTMENTS | 0 |
| Loans Held for Sale | 0 |
| Real Estate Loans | 333,237 |
| Unsecured Loans | 916,218 |
| Other Loans | 3,746,031 |
| TOTAL LOANS | 4,995,485 |
| (Allowance for Loan & Lease Losses or Allowance for Credit Losses on Loans & Leases) | -110,307 |
| Land And Building | 827,385 |
| Other Fixed Assets | 8,738 |
| NCUSIF Deposit | 97,291 |
| All Other Assets | 169,070 |
| TOTAL ASSETS | 10,371,352 |
| LIABILITIES & CAPITAL: | |
| Dividends Payable | 0 |
| Notes & Interest Payable | 0 |
| Accounts Payable & Other Liabilities | 66,038 |
| Uninsured Secondary Capital and Subordinated Debt Included in Net Worth | 0 |
| Share Drafts | 571,384 |
| Regular shares | 6,785,673 |
| All Other Shares & Deposits | 687,736 |
| TOTAL SHARES & DEPOSITS | 8,044,793 |
| TOTAL LIABILITIES | 8,110,831 |
| Regular Reserve | 0 |
| Other Reserves | 0 |
| Undivided Earnings | 2,260,521 |
| TOTAL EQUITY | 2,260,521 |
| TOTAL LIABILITIES, SHARES, & EQUITY | 10,371,352 |
| INCOME & EXPENSE | |
| Loan Income | 321,221 |
| Investment Income | 157,814 |
| Other Income | 45,739 |
| Total Employee Compensation & Benefits | 168,434 |
| NCUSIF Premiums Expense | 0 |
| Total Other Operating Expenses | 254,274 |
| Non-operating Income & (Expense) | 0 |
| NCUSIF Stabilization Income | N/A |
| Provision for Loan/Lease Losses or Total Credit Loss Expense | 19,962 |
| Cost of Funds | 17,280 |
| NET INCOME (LOSS) EXCLUDING STABILIZATION EXPENSE & NCUSIF PREMIUM | N/A |
| Net Income (Loss) | 68,640 |
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